Buy Buy Buy or Sell Sell Sell?

[EarnOnVictor]

A Bitcoin investor invests in the hope of a good profit in the future, just like saving. However, many people hold back thinking that if they do not get a good profit from Bitcoin, then both their time and effort will be wasted. In fact, those who think like this are not very aware of the concept of investment. The first characteristic of an investor should be that he must profit and until he gets a good profit, he will keep holding, I firmly believe that those who are successful are those who remain steadfast and hold Bitcoin. Sometimes it happens that investors are forced to sell BTC even if there is a loss for some special reason. My advice to them is that the time of purchase is not over yet, where you think it is all over and start again from there

I've not seen a successful person in business/investment who is not a risk taker, the more you fear to take the risk, the more you are driving yourself aback. Another issue I can deduce here is procrastination, some people are looking for the" too-perfect" time to invest but this often wastes much of their time and before they know it, they've missed the opportunity given to them by Bitcoin.

I envy those who took the risk a few years after Bitcoin was created, they overcame the two qualities I mentioned earlier, they had the nerves to take the risk and they did not procrastinate. This is a lesson for potential Bitcoin investors, if you have the money, don't wait longer, otherwise, you will regret it.

[Gentle_Soul]

Bitcoin investment isn't something that needs to be rushed although there are tons of person who have even gotten the idea of bitcoin through the perception of bitcoin being something thats very easy to make quick funds from which is entirely not the case as with bitcoin investment you will have to sacrifice alot to keep your investment standing strong if not you are gone. But the fact still remains that not everyone is willing to have the mindset of playing the patience.

I would like to say that those people who always have the mindset of making quick funds from Bitcoin are the ones who do not understand that Bitcoin is all about investment and is reason they keeping losing their funds time to time.In an investment, it always takes a long period before an investor starts thinking about taking profits from the investment. Instead of thinking about profits, they should focus on investing more and more so they can have a larger portion of the investment.

For anyone who treats Bitcoin as an investment, I expect that person to hold onto their Bitcoin for a very long period of time. In investments, things don't just happen overnight. It will surely take time before someone starts seeing the benefits of the investment.

Bitcoin has made some people rich, but the truth is that those investors were patient enough. In fact, many of them are still patient, continuing to buy more Bitcoin to top up their wallets because they know Bitcoin is here to stay and more profit make in future.

Once you reach a status of overaccumulation, you may well feel that you do not need to buy any more BTC, except maybe on extreme dips. So you might go from buying bitcoin regularly, to buying bitcoin on dips, and then just selling small amounts as the BTC price goes up or perhaps selling at various  timelines, as I discuss in my sustainable withdrawal thread.

So for example, if your goal is to have 21 BTC (based on today's value and what you believe that you can do with that based on 200-WMA valuations of such a stash), yet over the past 10 years you have 35 BTC, then you have around 60% extra BTC from your own specific target, and you don't have to sell your extra BTC at one time, you can instead just use your extra BTC as kind of cushion to sell small portions of the  extra whenever you like, and so even if you might be selling some of your BTC from time to time, the whole value of your BTC holdings may well be growing at a faster pace than you are selling it... so you end up having the good problem of trying to figure out ways to increase your spending.

You can also measure the value of your holdings based on the 200-WMA rather than spot price, even though sure, if you are buying and selling, you are doing that at spot prices, yet the use of the 200-WMA as your BTC valuation metric  can help to ground you in terms of coming to better decisions regarding how to manage your BTC holdings.

I agree with you that the real Bitcoin lovers are those who have knowledge about the nature and bright future of Bitcoin. So they do not want to waste it by trading. They spend whatever time they get in other professions and try to hold more Bitcoin with the money earned from there.

Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.

Bitcoin lovers certainly know the future potential contained in bitcoin. Because of course they did an analysis of Bitcoin and they definitely found something that showed Bitcoin's great potential. However, in my personal opinion, it is not correct to say that only an investor can be called a Bitcoin lover. Because even a trader, I think they also really like bitcoin. That's why they choose to trade bitcoin and not altcoins. So in this case, in my opinion, don't corner traders too much on bitcoin. Because after all, with bitcoin traders, the bitcoin market becomes more lively.

Therefore, even though I am a bitcoin investor, I have the assumption that people who trade bitcoin are not wrong. It's just that they won't get the maximum results that an investor would get. Additionally, regarding what you said about investing in Bitcoin for ages, I think it sounds a bit unrealistic. Because investment is aimed at various things, but certainly for the future to be better. But if you say it for centuries, I don't think it makes sense. Because we don't necessarily live a century. So the realistic investment time in bitcoin, is 10-15 years for people over 40 years. And 15-20 years for people in their 30s.

Bitcoin traders are wrong because they are placing extra risk onto an otherwise good investment.  If for some reason they cannot control their temptation to trade, then maybe they should limit their trading  to less than 10% of their bitcoin stash, but their problem is that they likely cannot limit  themselves,  and when trading there tend to be slippery  slopes of wanting to do more and more and  more and not being able to place limits on such bad thinking and bad ways of managing something like bitcoin.

Sure, younger people have longer time periods, but they don't necessarily need to limit themselves in terms of their timeline, so if they are able to reach a high enough BTC accumulation level, then they can  still pull the fuck you lever and just live off of their BTC.. The main issue for anyone is to not make mistakes in terms of how they calculate whether or not they have reached an adequate (or more than adequate) level of BTC accumulation, which again, I think that BTC HODLers (no matter the age) should be measuring the value of their BTC based on the 200-WMA (bottom prices) rather than spot prices which tend to be all over the place... .and surely each of us is  responsible for figuring out how much is enough and more than enough so that we don't make the mistake of thinking that we have enough, when we don't.  Another mistake that people tend to make is to prematurely spend down their principle, rather than spending from the price appreciation that allows the investment to be gaining in value faster than it is being spent... And these kinds of matters can be reasonably calculate in reasonable and prudent ways that assure that you don't pull the fuck you lever too soon and you manage your BTC holdings properly.. and I suppose another issue is to make sure that your BTC are adequately protected so that you don't end up losing them.

Investment exists fore a reason - to reap the rewards eventually.
So getting 10-20% out and continuing with the same reliable strat is totally viable.
Because if you only accumulate - you won't have reliazed PNL in the end.

It depends on when you plan doing this, If you do it at a point of over accumulation, there is surely no problem, although I see it as too much to shave off at once, but at the level of your ongoing accumulation journey, and when you might have not accumulated enough, then it becomes a problem for you to always want to prey on your portfolio before maturity, and you may likely end up increasing the percentage over time and liquidating your portfolio and having nothing much, if at all to show from your periods of assumed accumulation.

You need to discipline yourself to only accumulate persistently, consistently, aggressively and committedly over your holding period, thinking of preying on your investment before maturity might not end well and selling off too soon makes you a trader.

In bitcoin, I am a pretty big fan of incremental withdrawals rather than making BIG withdrawals, yet of course there is a certain presumption that no withdrawals are really happening prior to reaching a status of overaccumulation... and also if someone is shaving off 10% to 20% at one time, are they doing that with expectations to buy back cheaper? 

Surely, people can do what they like, and if a person had spent quite a few years accumulating, they may well be in a position that shaving off 10% or 20% is not really a big problem, yet they might be mislead if they might be shaving off 20% to put into real estate, and surely they need to realize that the real estate is likely not going to be  holding its value as  well as bitcoin, but still people do make their own personal choices which sometimes makes sense in regards to their own balancing of their personal matters...and surely shaving off 10% to 20% after the BTC price had doubled or tripled or gone up 4-5x would not be unreasonable, especially for someone who is already feeling that he is out of his accumulation stages, and he had reached a status of overaccumulation.

BTC is a get rich quick scheme as soon as you invest boom you have made money so I thought all these while
Education is a very essential tool when it comes to  strategic financial decisions
Investors should be able to calm down and learn the structures and patterns of the market and get fully educated on every financial decisions they take
BTC investment can not be productive if you take away time and patience

[Sticky Bomb]

According to you, why should those who invested in 2010 withdraw cash next year?   Did they just need profit?
I think they lacked planning rather than profit. Bitcoin investors always plan to start long-term investments. And most make mistakes after investing. They start investing but forget the next step.  They feel that there will be no problem if they continue to invest with the current income. But they forget about the emergency fund. They forget the reserve fund. People forget that they are social animals. When living in a community, it is difficult to know what type of financial assistance is needed.   They forget everything and start investing for long term. As a result, they can build a nice portfolio in a short period of time. But when they need some financial help, they have nothing else to do.   So they are forced to break the investment. And it's been a tough time for investors.

Are you really accurate with your year of reference mate?

Of course those that invested into Bitcoin at 2010 have invested into it for 15 cool years and are already long-term investors and can possibly live off their investments.

Let's suppose someone who invested as little as $500 into Bitcoin as at may 2010 when Bitcoin was $0.01 or less, that person must have accumulated a whooping 50,000 BTC currently valued at $4.8bn, of course if that person have been holding since 2010 and never sold, then he should have every right to take profits and even live off his Bitcoin investments. It's quite a great fortune he's amased for himself.

[Marvelockg]

A Bitcoin investor invests in the hope of a good profit in the future, just like saving. However, many people hold back thinking that if they do not get a good profit from Bitcoin, then both their time and effort will be wasted. In fact, those who think like this are not very aware of the concept of investment. The first characteristic of an investor should be that he must profit and until he gets a good profit, he will keep holding, I firmly believe that those who are successful are those who remain steadfast and hold Bitcoin. Sometimes it happens that investors are forced to sell BTC even if there is a loss for some special reason. My advice to them is that the time of purchase is not over yet, where you think it is all over and start again from there

I've not seen a successful person in business/investment who is not a risk taker, the more you fear to take the risk, the more you are driving yourself aback. Another issue I can deduce here is procrastination, some people are looking for the" too-perfect" time to invest but this often wastes much of their time and before they know it, they've missed the opportunity given to them by Bitcoin.

there is literally no investment that is void of risk, as a matter of fact, not investing in the first place is a risk that tends to poverty and penury. bitcoin surely has its own risk but with proper analysis and plan, the risk can be minimized to the extent that it almost looks like the risk is not existing.

the amount of risk follows the order of;
1. meme coin and altcoin investors being the ones that are exposed to the highest level of risk since for most part, those are just more like some pump and dumb things.
2.. short term traders being the ones that are exposed to the second level of risk since they are just looking for ways to just buy cheap and sell when they are small profit and when it takes time for their prediction to happen, they tend to sell in loss.
3. bitcoin long term investors have the least amount of risk since they are not moved to sell just because of some short-term market condition and are generally willing to keep holding and building their portfolio for the long term. this is the reason why investing in bitcoin for the long term is the best of choice because it protects you from a risky investment and allows you to build your portfolio for the long term.

I envy those who took the risk a few years after Bitcoin was created, they overcame the two qualities I mentioned earlier, they had the nerves to take the risk and they did not procrastinate. This is a lesson for potential Bitcoin investors, if you have the money, don't wait longer, otherwise, you will regret it.

we can't continue talking about the past when we have the present and future to deal with, to the best of reality, bitcoin is not going down and buying bitcoin at the present will position us in a good place in the future when bitcoin must have gone past this phase and range of prices.

even if we are not sure if bitcoin will in the future get to the kind of height it has gotten to at the present with respect to it time of little beginning, wailing about the past and refusing to buy while anticipsting the future will only lesd us to future regrets again.

[Just Say]

Are you really accurate with your year of reference mate?

Of course those that invested into Bitcoin at 2010 have invested into it for 15 cool years and are already long-term investors and can possibly live off their investments.

Yes, that may be true because those who have been able to hold onto their investments since 2010 until now they undoubtedly can already be a long-term investor. But this task may not have been possible for everyone because no one at that time ever thought that Bitcoin could have such potential in the future. But those who are currently investing already know and believe in the potential of Bitcoin, which is why they are now constantly investing in Bitcoin, they have even made various efforts to continue investing uninterruptedly.

Let's suppose someone who invested as little as $500 into Bitcoin as at may 2010 when Bitcoin was $0.01 or less, that person must have accumulated a whooping 50,000 BTC currently valued at $4.8bn, of course if that person have been holding since 2010 and never sold, then he should have every right to take profits and even live off his Bitcoin investments. It's quite a great fortune he's amased for himself.

Based on your example, we have read about the success of some investors in Google that were truly impressive. Among them, I am mentioning the names of some investors who have invested in Bitcoin since 2010, they were investors long ago. For example,

In 2010, he invested $3,000. With the price of bitcoin only US 15 cents at the time, that means he had almost 20,000 bitcoin. “I knew from the very start that I was playing the long game. I wanted to see how high it could go,” he said.
Mr Smith had almost forgotten about his investment 3 years later, when it popped up in the news. With the price rising by 10% or more every single day, he sold 2,000 coins when the price hit $350.

https://www.cointree.com/learn/bitcoin-success-stories/

[Richbased]

BTC is a get rich quick scheme as soon as you invest boom you have made money so I thought all these while
Education is a very essential tool when it comes to  strategic financial decisions
Investors should be able to calm down and learn the structures and patterns of the market and get fully educated on every financial decisions they take
BTC investment can not be productive if you take away time and patience

FYI, BTC is not a get rich quick scheme that you invest in and expect the price to skyrocket within a short period of time so do not be deceived. Yeah, education is vital when it comes to strategic financial planning because if you ain't educated how will you know the right approach to follow up your investment or how can you be able to DYOR about possible financial strategies that will help you along while you are investing in bitcoin. It's not like you need to get full knowledge but the primary and basic things you need to understand cannot be achieved if you ain't educated. However, i still want you to remove the mentality that bitcoin is a get rich quick scheme as it isn't and for the fact you see someone who made profits within a short period after they invested, doesn't mean they are subjected to make profits all the times because sometimes the market fluctuates upward and sometimes it does downwards so if you occupy your mind that you gonna start making profits as soon as you invest in bitcoin, you may be misleading yourself because when the market starts going downwards you can panic and end up selling at a lost price. Bitcoin investment is much profitable in the long run and it can take you enough time to build a big portfolio.

[Tmoonz]

BTC is a get rich quick scheme as soon as you invest boom you have made money so I thought all these while
Education is a very essential tool when it comes to  strategic financial decisions
Investors should be able to calm down and learn the structures and patterns of the market and get fully educated on every financial decisions they take
BTC investment can not be productive if you take away time and patience

This statement of yours can really be misleading especially to other newbies, yeah it can make someone think he or she can borrow money to invest in Bitcoin with the expectation of paying back at the short time frame which is very unrealistic or used the money that is meant for their other living expenses to buy Bitcoin which is very wrong, Bitcoin is not a get rich quick scheme but rather it is a coin that appreciate it's over a long period of time. What is being prioritize prior to your getting the fucking started is having the basic knowledge and figuring out how much of the a discretionary income you have available other things can be learn down the road.

[Tamaperdana]

A Bitcoin investor invests in the hope of a good profit in the future, just like saving. However, many people hold back thinking that if they do not get a good profit from Bitcoin, then both their time and effort will be wasted. In fact, those who think like this are not very aware of the concept of investment. The first characteristic of an investor should be that he must profit and until he gets a good profit, he will keep holding, I firmly believe that those who are successful are those who remain steadfast and hold Bitcoin. Sometimes it happens that investors are forced to sell BTC even if there is a loss for some special reason. My advice to them is that the time of purchase is not over yet, where you think it is all over and start again from there

I've not seen a successful person in business/investment who is not a risk taker, the more you fear to take the risk, the more you are driving yourself aback. Another issue I can deduce here is procrastination, some people are looking for the" too-perfect" time to invest but this often wastes much of their time and before they know it, they've missed the opportunity given to them by Bitcoin.

I envy those who took the risk a few years after Bitcoin was created, they overcame the two qualities I mentioned earlier, they had the nerves to take the risk and they did not procrastinate. This is a lesson for potential Bitcoin investors, if you have the money, don't wait longer, otherwise, you will regret it.

Yes, not everyone dares to take big risks, and not everyone knows the potential of bitcoin. I think we can't blame this, but we should just regret it. Because people who have habits like that (don't dare to take risks) usually tend not to make significant progress in their lives. Because people like that are too happy playing in the safe zone, so they forget all the potential they can achieve, like bitcoin. Therefore, we should be grateful, even though we didn't buy bitcoin right after a few years of bitcoin being created, but at least when we realized the potential of bitcoin we immediately bought it. I think this is something we should be grateful for.

Because as we know, not everyone dares to take risks. So basically we don't need to be jealous of people who bought bitcoin when the price was cheaper than it is now. Because in my personal opinion, buying Bitcoin now will definitely make the money we invest more in the next 10 years or at least the value of the money we invest will not be damaged by inflation. So with this, you could say that we are among the lucky people right now, because we already know Bitcoin and have invested in it. And for people who haven't invested in bitcoin at this time, I think such people will sooner or later realize their mistake.

[asarfiar]

What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

Profit is taken either when it's needed or when the target is reached.
Other than that - surely, one should hodl more and stay happy doing so.

Talking about the bold words in your statement, honestly it's mostly traders that talks like this, you don't take profit from your holdings because you are in need, that's why source of income and an emergency funds are in place to sorts out your financial needs, your Bitcoin holdings is an asset you hold for a very long period of time in other to change your financial status for ever, not what you just hold and decide to withdraw because it's been needed to sort some financial needs, it's only traders and those that Normally sell their Bitcoin for minimal gains that thinks and speaks that way.

We often see the profit part of life zero in life, in fact we do not divide life within a certain time, so we have to face such a situation. If you want to make life look beautiful and happy, use your own income according to the plan. Suppose you earn 5 dollars a dayIn this case, I think you spend $ 2 for the family, spending $ 1 for other expenses, and you save $ 2.

I think this needs to be done for a person at a time, then after a long time this money will be used as a symbol of his success. I see in the future that Bitcoin is the best in the future investment, because if we invest for a long time, we have a much larger return after 10 to 12 yearsI will be able to achieve.

[MainIbem]

A Bitcoin investor invests in the hope of a good profit in the future, just like saving. However, many people hold back thinking that if they do not get a good profit from Bitcoin, then both their time and effort will be wasted. In fact, those who think like this are not very aware of the concept of investment. The first characteristic of an investor should be that he must profit and until he gets a good profit, he will keep holding, I firmly believe that those who are successful are those who remain steadfast and hold Bitcoin. Sometimes it happens that investors are forced to sell BTC even if there is a loss for some special reason. My advice to them is that the time of purchase is not over yet, where you think it is all over and start again from there

I've not seen a successful person in business/investment who is not a risk taker, the more you fear to take the risk, the more you are driving yourself aback. Another issue I can deduce here is procrastination, some people are looking for the" too-perfect" time to invest but this often wastes much of their time and before they know it, they've missed the opportunity given to them by Bitcoin.

I envy those who took the risk a few years after Bitcoin was created, they overcame the two qualities I mentioned earlier, they had the nerves to take the risk and they did not procrastinate. This is a lesson for potential Bitcoin investors, if you have the money, don't wait longer, otherwise, you will regret it.

Yes, not everyone dares to take big risks, and not everyone knows the potential of bitcoin. I think we can't blame this, but we should just regret it. Because people who have habits like that (don't dare to take risks) usually tend not to make significant progress in their lives. Because people like that are too happy playing in the safe zone, so they forget all the potential they can achieve, like bitcoin. Therefore, we should be grateful, even though we didn't buy bitcoin right after a few years of bitcoin being created, but at least when we realized the potential of bitcoin we immediately bought it. I think this is something we should be grateful for.

Because as we know, not everyone dares to take risks. So basically we don't need to be jealous of people who bought bitcoin when the price was cheaper than it is now. Because in my personal opinion, buying Bitcoin now will definitely make the money we invest more in the next 10 years or at least the value of the money we invest will not be damaged by inflation. So with this, you could say that we are among the lucky people right now, because we already know Bitcoin and have invested in it. And for people who haven't invested in bitcoin at this time, I think such people will sooner or later realize their mistake.

Well, it's normal for someone to wish they had started investing earlier when Bitcoin was not even up to a dolllar but then there's a saying that it's better late than never, talking about being late, i don't even think anyone who's not started investing in Bitcoin is late  currently cause we're still at it's early stages and if they start now to buy and hodl then DCA in any interval of time suitable for them to be consistent for a full Bitcoin circle or more then they never can tell how much of Bitcoin they've accumulated in their portfolio, that's something lots of people are still ignorant about that's why they're yet to start investing and wish they had bought in the early days. However there are people who bought Bitcoin in the early days and sold for a cheaper price, remember the dude who bought 1 pizza with $10k worth of  Bitcoins he has the coins but didn't know it would be worth a fortune currently and that's what would had happened to most of us if we had bought then, we would sold out of ignorance but at this point we've got vast knowledge about Bitcoin and know it's value including the potential of doing better in the future so we won't rush into selling at loss.

[Mayor of ogba]

Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.

Bitcoin investment isn't something that needs to be rushed although there are tons of person who have even gotten the idea of bitcoin through the perception of bitcoin being something thats very easy to make quick funds from which is entirely not the case as with bitcoin investment you will have to sacrifice alot to keep your investment standing strong if not you are gone. But the fact still remains that not everyone is willing to have the mindset of playing the patience.

Saying that investors need to sacrifice a lot before they can keep their bitcoin investment standing strong sounds so scary, and if a newbie who wants to start accumulating bitcoin sees this statement, he or she will likely be discouraged to invest his or her money into bitcoin. Bitcoin investment may look a little bit difficult to handle, but it is actually simple if you have a steady income and invest in bitcoin with your leftover money, which will always allow you to take care of your daily expenses all the time without struggling to do so, and you will not think about selling your bitcoin to survive. There are certain rules you have to obey when investing in bitcoin, but if you choose to ignore these rules and invest in bitcoin, that is the only way you will have to sacrifice a lot to keep your bitcoin investment standing strong, and you are responsible for passing through difficult times to sustain your bitcoin.

[Futurexxx]

BTC is a get rich quick scheme as soon as you invest boom you have made money so I thought all these while
Education is a very essential tool when it comes to  strategic financial decisions
Investors should be able to calm down and learn the structures and patterns of the market and get fully educated on every financial decisions they take
BTC investment can not be productive if you take away time and patience

I will first talk about your writing pattern, you really need to work on it because if you want someone to get a clearer picture of what you are saying, you need to start putting full stop and comer when necessary.
Then as for the first bold words in your statement, I understand what you were trying to talk about, you think that once you invest in Bitcoin, automatically you will start making money, but it's nothing new here, because that's a typical behavior of a newbie or a total novice, they mostly think that Bitcoin investment is a get rich quick scheme.

Then as for the second bold words in your statement, their is absolutely no need in Bitcoin investors learning the structure and pattern of the market, because that's are what traders do, not investors like us, once you are a Bitcoin investor, the only thing that is required of you, for you to be successful is to buy and hold, while having a reliable source of income and an emergency funds to sorts out some serious financial needs that may arise in the future, so that you wouldn't have to temper with your holdings regardless of anything, so we have no business analysing, learning the market structure or pattern, because that is for traders not investors like us.

[Mayor of ogba]

Bitcoin investment isn't something that needs to be rushed although there are tons of person who have even gotten the idea of bitcoin through the perception of bitcoin being something thats very easy to make quick funds from which is entirely not the case as with bitcoin investment you will have to sacrifice alot to keep your investment standing strong if not you are gone. But the fact still remains that not everyone is willing to have the mindset of playing the patience.

I would like to say that those people who always have the mindset of making quick funds from Bitcoin are the ones who do not understand that Bitcoin is all about investment and is reason they keeping losing their funds time to time.In an investment, it always takes a long period before an investor starts thinking about taking profits from the investment. Instead of thinking about profits, they should focus on investing more and more so they can have a larger portion of the investment.

For anyone who treats Bitcoin as an investment, I expect that person to hold onto their Bitcoin for a very long period of time. In investments, things don't just happen overnight. It will surely take time before someone starts seeing the benefits of the investment.

Bitcoin has made some people rich, but the truth is that those investors were patient enough. In fact, many of them are still patient, continuing to buy more Bitcoin to top up their wallets because they know Bitcoin is here to stay and more profit make in future.

Once you reach a status of overaccumulation, you may well feel that you do not need to buy any more BTC, except maybe on extreme dips. So you might go from buying bitcoin regularly, to buying bitcoin on dips, and then just selling small amounts as the BTC price goes up or perhaps selling at various  timelines, as I discuss in my sustainable withdrawal thread.

So for example, if your goal is to have 21 BTC (based on today's value and what you believe that you can do with that based on 200-WMA valuations of such a stash), yet over the past 10 years you have 35 BTC, then you have around 60% extra BTC from your own specific target, and you don't have to sell your extra BTC at one time, you can instead just use your extra BTC as kind of cushion to sell small portions of the  extra whenever you like, and so even if you might be selling some of your BTC from time to time, the whole value of your BTC holdings may well be growing at a faster pace than you are selling it... so you end up having the good problem of trying to figure out ways to increase your spending.

You can also measure the value of your holdings based on the 200-WMA rather than spot price, even though sure, if you are buying and selling, you are doing that at spot prices, yet the use of the 200-WMA as your BTC valuation metric  can help to ground you in terms of coming to better decisions regarding how to manage your BTC holdings.

I agree with you that the real Bitcoin lovers are those who have knowledge about the nature and bright future of Bitcoin. So they do not want to waste it by trading. They spend whatever time they get in other professions and try to hold more Bitcoin with the money earned from there.

Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.

Bitcoin lovers certainly know the future potential contained in bitcoin. Because of course they did an analysis of Bitcoin and they definitely found something that showed Bitcoin's great potential. However, in my personal opinion, it is not correct to say that only an investor can be called a Bitcoin lover. Because even a trader, I think they also really like bitcoin. That's why they choose to trade bitcoin and not altcoins. So in this case, in my opinion, don't corner traders too much on bitcoin. Because after all, with bitcoin traders, the bitcoin market becomes more lively.

Therefore, even though I am a bitcoin investor, I have the assumption that people who trade bitcoin are not wrong. It's just that they won't get the maximum results that an investor would get. Additionally, regarding what you said about investing in Bitcoin for ages, I think it sounds a bit unrealistic. Because investment is aimed at various things, but certainly for the future to be better. But if you say it for centuries, I don't think it makes sense. Because we don't necessarily live a century. So the realistic investment time in bitcoin, is 10-15 years for people over 40 years. And 15-20 years for people in their 30s.

Bitcoin traders are wrong because they are placing extra risk onto an otherwise good investment.  If for some reason they cannot control their temptation to trade, then maybe they should limit their trading  to less than 10% of their bitcoin stash, but their problem is that they likely cannot limit  themselves,  and when trading there tend to be slippery  slopes of wanting to do more and more and  more and not being able to place limits on such bad thinking and bad ways of managing something like bitcoin.

Sure, younger people have longer time periods, but they don't necessarily need to limit themselves in terms of their timeline, so if they are able to reach a high enough BTC accumulation level, then they can  still pull the fuck you lever and just live off of their BTC.. The main issue for anyone is to not make mistakes in terms of how they calculate whether or not they have reached an adequate (or more than adequate) level of BTC accumulation, which again, I think that BTC HODLers (no matter the age) should be measuring the value of their BTC based on the 200-WMA (bottom prices) rather than spot prices which tend to be all over the place... .and surely each of us is  responsible for figuring out how much is enough and more than enough so that we don't make the mistake of thinking that we have enough, when we don't.  Another mistake that people tend to make is to prematurely spend down their principle, rather than spending from the price appreciation that allows the investment to be gaining in value faster than it is being spent... And these kinds of matters can be reasonably calculate in reasonable and prudent ways that assure that you don't pull the fuck you lever too soon and you manage your BTC holdings properly.. and I suppose another issue is to make sure that your BTC are adequately protected so that you don't end up losing them.

Investment exists fore a reason - to reap the rewards eventually.
So getting 10-20% out and continuing with the same reliable strat is totally viable.
Because if you only accumulate - you won't have reliazed PNL in the end.

It depends on when you plan doing this, If you do it at a point of over accumulation, there is surely no problem, although I see it as too much to shave off at once, but at the level of your ongoing accumulation journey, and when you might have not accumulated enough, then it becomes a problem for you to always want to prey on your portfolio before maturity, and you may likely end up increasing the percentage over time and liquidating your portfolio and having nothing much, if at all to show from your periods of assumed accumulation.

You need to discipline yourself to only accumulate persistently, consistently, aggressively and committedly over your holding period, thinking of preying on your investment before maturity might not end well and selling off too soon makes you a trader.

In bitcoin, I am a pretty big fan of incremental withdrawals rather than making BIG withdrawals, yet of course there is a certain presumption that no withdrawals are really happening prior to reaching a status of overaccumulation... and also if someone is shaving off 10% to 20% at one time, are they doing that with expectations to buy back cheaper? 

Surely, people can do what they like, and if a person had spent quite a few years accumulating, they may well be in a position that shaving off 10% or 20% is not really a big problem, yet they might be mislead if they might be shaving off 20% to put into real estate, and surely they need to realize that the real estate is likely not going to be  holding its value as  well as bitcoin, but still people do make their own personal choices which sometimes makes sense in regards to their own balancing of their personal matters...and surely shaving off 10% to 20% after the BTC price had doubled or tripled or gone up 4-5x would not be unreasonable, especially for someone who is already feeling that he is out of his accumulation stages, and he had reached a status of overaccumulation.

BTC is a get rich quick scheme as soon as you invest boom you have made money so I thought all these while
Education is a very essential tool when it comes to  strategic financial decisions
Investors should be able to calm down and learn the structures and patterns of the market and get fully educated on every financial decisions they take
BTC investment can not be productive if you take away time and patience

Bitcoin is not a quick way to get rich soon is a common statement in bitcoin investment and is one of the first things you will hear once you show interest in learning about bitcoin on this forum, but since you are much more interested in teaching rather than learning, you fail to know that bitcoin is not a quick way to get rich scheme. But it is good you made this statement so that you will learn from your mistake and know that bitcoin is not a quick way to get rich soon. Bitcoin is a solid project that you need to invest in and hold for at least a minimum of 4 years before you can even think about selling part of your bitcoin or all your bitcoin. Learning the structures and patterns of the market is not what bitcoin investors should do because they are not interested in selling their bitcoin for short-term profit. What bitcoin investors should be concerned about is how they can consistently accumulate the amount of bitcoin they had in mind to accumulate and be able to hold their bitcoin for the long term.

[adultcrypto]

According to you, why should those who invested in 2010 withdraw cash next year?   Did they just need profit?
I think they lacked planning rather than profit. Bitcoin investors always plan to start long-term investments. And most make mistakes after investing. They start investing but forget the next step.  They feel that there will be no problem if they continue to invest with the current income. But they forget about the emergency fund. They forget the reserve fund. People forget that they are social animals. When living in a community, it is difficult to know what type of financial assistance is needed.   They forget everything and start investing for long term. As a result, they can build a nice portfolio in a short period of time. But when they need some financial help, they have nothing else to do.   So they are forced to break the investment. And it's been a tough time for investors.

Are you really accurate with your year of reference mate?

Of course those that invested into Bitcoin at 2010 have invested into it for 15 cool years and are already long-term investors and can possibly live off their investments.

Let's suppose someone who invested as little as $500 into Bitcoin as at may 2010 when Bitcoin was $0.01 or less, that person must have accumulated a whooping 50,000 BTC currently valued at $4.8bn, of course if that person have been holding since 2010 and never sold, then he should have every right to take profits and even live off his Bitcoin investments. It's quite a great fortune he's amased for himself.

Was there a time bitcoin was traded in exchange or open market at $0.01 per coin? I think you need to check your facts right because the time bitcoin became notably traded was when it was around $0.35. Other times the prices were arbitrary that was why Laszlo Hanyecz bought two Pizzas with 10,000BTC. At that time, I doubt there was anyone confident to put $500 into bitcoin because most bitcoin then were given away in faucets just to create awareness. Like I said, recheck your information so we can be logical in drawing conclusion.

[rachael9385]

@Gentle_Soul.
Honestly speaking, if you think that Bitcoin is a get rich quick scheme, why not buy now and sell tomorrow? Then tell us how much profits you have made.
No doubt that education is not necessary on investment, but you can start investing on Bitcoin before you learn.
Question: what's there to learn about when you do not have any coin in your portfolio?

[Zackz5000]

Bitcoin investment isn't something that needs to be rushed although there are tons of person who have even gotten the idea of bitcoin through the perception of bitcoin being something thats very easy to make quick funds from which is entirely not the case as with bitcoin investment you will have to sacrifice alot to keep your investment standing strong if not you are gone. But the fact still remains that not everyone is willing to have the mindset of playing the patience.

I would like to say that those people who always have the mindset of making quick funds from Bitcoin are the ones who do not understand that Bitcoin is all about investment and is reason they keeping losing their funds time to time.In an investment, it always takes a long period before an investor starts thinking about taking profits from the investment. Instead of thinking about profits, they should focus on investing more and more so they can have a larger portion of the investment.

For anyone who treats Bitcoin as an investment, I expect that person to hold onto their Bitcoin for a very long period of time. In investments, things don't just happen overnight. It will surely take time before someone starts seeing the benefits of the investment.

Bitcoin has made some people rich, but the truth is that those investors were patient enough. In fact, many of them are still patient, continuing to buy more Bitcoin to top up their wallets because they know Bitcoin is here to stay and more profit make in future.

Once you reach a status of overaccumulation, you may well feel that you do not need to buy any more BTC, except maybe on extreme dips. So you might go from buying bitcoin regularly, to buying bitcoin on dips, and then just selling small amounts as the BTC price goes up or perhaps selling at various  timelines, as I discuss in my sustainable withdrawal thread.

So for example, if your goal is to have 21 BTC (based on today's value and what you believe that you can do with that based on 200-WMA valuations of such a stash), yet over the past 10 years you have 35 BTC, then you have around 60% extra BTC from your own specific target, and you don't have to sell your extra BTC at one time, you can instead just use your extra BTC as kind of cushion to sell small portions of the  extra whenever you like, and so even if you might be selling some of your BTC from time to time, the whole value of your BTC holdings may well be growing at a faster pace than you are selling it... so you end up having the good problem of trying to figure out ways to increase your spending.

You can also measure the value of your holdings based on the 200-WMA rather than spot price, even though sure, if you are buying and selling, you are doing that at spot prices, yet the use of the 200-WMA as your BTC valuation metric  can help to ground you in terms of coming to better decisions regarding how to manage your BTC holdings.

I agree with you that the real Bitcoin lovers are those who have knowledge about the nature and bright future of Bitcoin. So they do not want to waste it by trading. They spend whatever time they get in other professions and try to hold more Bitcoin with the money earned from there.

Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.

Bitcoin lovers certainly know the future potential contained in bitcoin. Because of course they did an analysis of Bitcoin and they definitely found something that showed Bitcoin's great potential. However, in my personal opinion, it is not correct to say that only an investor can be called a Bitcoin lover. Because even a trader, I think they also really like bitcoin. That's why they choose to trade bitcoin and not altcoins. So in this case, in my opinion, don't corner traders too much on bitcoin. Because after all, with bitcoin traders, the bitcoin market becomes more lively.

Therefore, even though I am a bitcoin investor, I have the assumption that people who trade bitcoin are not wrong. It's just that they won't get the maximum results that an investor would get. Additionally, regarding what you said about investing in Bitcoin for ages, I think it sounds a bit unrealistic. Because investment is aimed at various things, but certainly for the future to be better. But if you say it for centuries, I don't think it makes sense. Because we don't necessarily live a century. So the realistic investment time in bitcoin, is 10-15 years for people over 40 years. And 15-20 years for people in their 30s.

Bitcoin traders are wrong because they are placing extra risk onto an otherwise good investment.  If for some reason they cannot control their temptation to trade, then maybe they should limit their trading  to less than 10% of their bitcoin stash, but their problem is that they likely cannot limit  themselves,  and when trading there tend to be slippery  slopes of wanting to do more and more and  more and not being able to place limits on such bad thinking and bad ways of managing something like bitcoin.

Sure, younger people have longer time periods, but they don't necessarily need to limit themselves in terms of their timeline, so if they are able to reach a high enough BTC accumulation level, then they can  still pull the fuck you lever and just live off of their BTC.. The main issue for anyone is to not make mistakes in terms of how they calculate whether or not they have reached an adequate (or more than adequate) level of BTC accumulation, which again, I think that BTC HODLers (no matter the age) should be measuring the value of their BTC based on the 200-WMA (bottom prices) rather than spot prices which tend to be all over the place... .and surely each of us is  responsible for figuring out how much is enough and more than enough so that we don't make the mistake of thinking that we have enough, when we don't.  Another mistake that people tend to make is to prematurely spend down their principle, rather than spending from the price appreciation that allows the investment to be gaining in value faster than it is being spent... And these kinds of matters can be reasonably calculate in reasonable and prudent ways that assure that you don't pull the fuck you lever too soon and you manage your BTC holdings properly.. and I suppose another issue is to make sure that your BTC are adequately protected so that you don't end up losing them.

Investment exists fore a reason - to reap the rewards eventually.
So getting 10-20% out and continuing with the same reliable strat is totally viable.
Because if you only accumulate - you won't have reliazed PNL in the end.

It depends on when you plan doing this, If you do it at a point of over accumulation, there is surely no problem, although I see it as too much to shave off at once, but at the level of your ongoing accumulation journey, and when you might have not accumulated enough, then it becomes a problem for you to always want to prey on your portfolio before maturity, and you may likely end up increasing the percentage over time and liquidating your portfolio and having nothing much, if at all to show from your periods of assumed accumulation.

You need to discipline yourself to only accumulate persistently, consistently, aggressively and committedly over your holding period, thinking of preying on your investment before maturity might not end well and selling off too soon makes you a trader.

In bitcoin, I am a pretty big fan of incremental withdrawals rather than making BIG withdrawals, yet of course there is a certain presumption that no withdrawals are really happening prior to reaching a status of overaccumulation... and also if someone is shaving off 10% to 20% at one time, are they doing that with expectations to buy back cheaper? 

Surely, people can do what they like, and if a person had spent quite a few years accumulating, they may well be in a position that shaving off 10% or 20% is not really a big problem, yet they might be mislead if they might be shaving off 20% to put into real estate, and surely they need to realize that the real estate is likely not going to be  holding its value as  well as bitcoin, but still people do make their own personal choices which sometimes makes sense in regards to their own balancing of their personal matters...and surely shaving off 10% to 20% after the BTC price had doubled or tripled or gone up 4-5x would not be unreasonable, especially for someone who is already feeling that he is out of his accumulation stages, and he had reached a status of overaccumulation.

BTC is a get rich quick scheme as soon as you invest boom you have made money so I thought all these while
Education is a very essential tool when it comes to  strategic financial decisions
Investors should be able to calm down and learn the structures and patterns of the market and get fully educated on every financial decisions they take
BTC investment can not be productive if you take away time and patience

Don't be a misleader of newbies here bitcoin investment is never a Ponzi scheme where you invest today and expect huge return tomorrow, people has experience so much scam investment and don't make them looks like bitcoin is one it is good you know today that bitcoin investment is never a get rich quick scheme it is an investment where you keep on buying accumulating Bitcoin and HODL for long period of time from 4-10 years and above.

You can learn more about bitcoin when you get started already if your discretionary income is available and figure more about bitcoin along the process.

[Litzki1990]

That is exactly how it is suppose to be, holding for a long period of time before having a thought of selling but it appears that some people have made up their mind to buy and sell whenever there is a little profit and hoping to buy back when the price drop although it may look like a strategy for them but trust me it is not the best approach to Bitcoin investment and most of these people don't use what they can afford to let go that is why when they buy at a certain price they will have a target where they want the price to reach before they will sell and whenever this doesn't go as planned and they used what they can not afford to let, they will sell even in loss and this means that you are going backward instead of forward.

Those set of people that always have a mindset of selling their Bitcoin anytime when they see some little profits in Bitcoin I always consider that type of people as traders. To my understanding, they are not investors. If someone can't hold Bitcoin for certain years before thinking of selling, they are traders pretending to be investors, and this kind of people hardly make it from Bitcoin.

Having a mindset to sell when the price of Bitcoin rises and buying back when it falls this method has made some people lose more opportunities because the price of Bitcoin may not fall to the target they set.

As you said, the best approach to Bitcoin is investing in it, not trading it. In fact, trading exhausts much of people’s time, time which could be used for other hustles that could bring in more money to continue accumulating Bitcoin.

I agree with you that the real Bitcoin lovers are those who have knowledge about the nature and bright future of Bitcoin. So they do not want to waste it by trading. They spend whatever time they get in other professions and try to hold more Bitcoin with the money earned from there.

Those who sell when they make a small profit are not investors, they are short-term traders. If you want to invest in Bitcoin, you must have such a mentality that my invested money will last for a few years or centuries and I will survive here until the end. Basically, Bitcoin is for those who are patient, not for those who are in a hurry.

Investing and trading are two different things but many times many people confuse these two things. Like I have seen some people who plan to invest in bitcoin first but after investing when they get some profit they sell those bitcoins and they consider themselves a successful investor. I have some money with that money I bought bitcoins and sold those bitcoins again for some profit this is not investment at all but short term trading. In the case of short term training usually a trader has to watch the market for enough time and always wait for an opportunity as well as when that person buys a coin he has to wait for an opportunity to sell the coin. Those who don't have enough time should not be involved in trading, it would be a good suggestion for them to invest in Bitcoin according to the plan, then it will be seen that at the end of a certain period they are getting success from this investment.

[Scarlett_23]

Profit is taken either when it's needed or when the target is reached.

As someone still in his accumulation journey, you don't think of profit in your bitcoin investment talkmore of taking profit, because it will distract you and make you to reduce the size of your bitcoin portfolio instead of increasing it. There should be no reason on earth that should make you tamper with your bitcoin investment during your accumulation stage, and that's why the need for proper plan and putting in place all the necessary things needed for you to stay away from selling your bitcoin investment is very important.

Investing in bitcoin should be done with your discretionary income and you should also set up various back up funds which are emergency funds, reserve funds and float. So that you can tap from your float for your wants and maybe your reserve funds but you shouldn't touch your emergency funds only if a real emergency arises. You needs should be sorted out from your income and not from your discretionary income, because it's after taking care of your basic needs and monthly expenses, the left over is used to invest in bitcoin.

When a person decides to invest in Bitcoin, he should understand that he has a source of income, otherwise he has sold his ancestral property. Because no one can invest in Bitcoin without money. And whenever a person decides to invest, he should also make some plans. So that in any difficult situation, he does not have to think about selling Bitcoin. And in the first step of the plan, I will talk about his initial income, with which that person can easily meet his monthly needs. The person will invest with his discretionary income and meet his small needs with float income. For example, if suddenly the robber takes his mobile phone, he can quickly arrange another phone with float income.

On the other hand, in a medium danger, he can meet it through the reserve fund and in a major danger, he can meet it through the emergency fund. In this way, he should plan step by step and meet his needs. Only then will his Bitcoins change into a large amount of wealth and this change can change the picture of the person's entire life.

[JayJuanGee]

According to you, why should those who invested in 2010 withdraw cash next year?   Did they just need profit?
I think they lacked planning rather than profit. Bitcoin investors always plan to start long-term investments. And most make mistakes after investing. They start investing but forget the next step.  They feel that there will be no problem if they continue to invest with the current income. But they forget about the emergency fund. They forget the reserve fund. People forget that they are social animals. When living in a community, it is difficult to know what type of financial assistance is needed.   They forget everything and start investing for long term. As a result, they can build a nice portfolio in a short period of time. But when they need some financial help, they have nothing else to do.   So they are forced to break the investment. And it's been a tough time for investors.

Are you really accurate with your year of reference mate?

Of course those that invested into Bitcoin at 2010 have invested into it for 15 cool years and are already long-term investors and can possibly live off their investments.

Let's suppose someone who invested as little as $500 into Bitcoin as at may 2010 when Bitcoin was $0.01 or less, that person must have accumulated a whooping 50,000 BTC currently valued at $4.8bn, of course if that person have been holding since 2010 and never sold, then he should have every right to take profits and even live off his Bitcoin investments. It's quite a great fortune he's amased for himself.

You don't  need to be so  extreme in your example Sticky Bomb.  These days guys  (even in the west) could get into  entry level fuck you status with merely 18.17 BTC. Of course, other parts of the  world may not need that much, and even in the west a person might want to have a bit morecushion or a higher standard of living, but  there is no need to suggest that a person  needs anywhere close to 50,000 BTC, or 5,000 BTC or even 500 BTC to be more than comfortably in a kind of BTC level that would provide more than enough for sustainable withdrawal and living a pretty high standard of living, including 50 BTC surely could also be considered more than enough to rest assured.

I envy those who took the risk a few years after Bitcoin was created, they overcame the two qualities I mentioned earlier, they had the nerves to take the risk and they did not procrastinate. This is a lesson for potential Bitcoin investors, if you have the money, don't wait longer, otherwise, you will regret it.

we can't continue talking about the past when we have the present and future to deal with, to the best of reality, bitcoin is not going down and buying bitcoin at the present will position us in a good place in the future when bitcoin must have gone past this phase and range of prices.

even if we are not sure if bitcoin will in the future get to the kind of height it has gotten to at the present with respect to it time of little beginning, wailing about the past and refusing to buy while anticipsting the future will only lesd us to future regrets again.

You are correct.  Fantasizing about the past seems a bit meaningless, as compared to guys figuring out their today strategies and then working on applying their strategies to their own real world circumstances and/or limitations.

[Tonimez]

According to you, why should those who invested in 2010 withdraw cash next year?   Did they just need profit?
I think they lacked planning rather than profit. Bitcoin investors always plan to start long-term investments. And most make mistakes after investing. They start investing but forget the next step.  They feel that there will be no problem if they continue to invest with the current income. But they forget about the emergency fund. They forget the reserve fund. People forget that they are social animals. When living in a community, it is difficult to know what type of financial assistance is needed.   They forget everything and start investing for long term. As a result, they can build a nice portfolio in a short period of time. But when they need some financial help, they have nothing else to do.   So they are forced to break the investment. And it's been a tough time for investors.

Are you really accurate with your year of reference mate?

Of course those that invested into Bitcoin at 2010 have invested into it for 15 cool years and are already long-term investors and can possibly live off their investments.

Let's suppose someone who invested as little as $500 into Bitcoin as at may 2010 when Bitcoin was $0.01 or less, that person must have accumulated a whooping 50,000 BTC currently valued at $4.8bn, of course if that person have been holding since 2010 and never sold, then he should have every right to take profits and even live off his Bitcoin investments. It's quite a great fortune he's amased for himself.

You don't  need to be so  extreme in your example Sticky Bomb.  These days guys  (even in the west) could get into  entry level fuck you status with merely 18.17 BTC. Of course, other parts of the  world may not need that much, and even in the west a person might want to have a bit morecushion or a higher standard of living, but  there is no need to suggest that a person  needs anywhere close to 50,000 BTC, or 5,000 BTC or even 500 BTC to be more than comfortably in a kind of BTC level that would provide more than enough for sustainable withdrawal and living a pretty high standard of living, including 50 BTC surely could also be considered more than enough to rest assured.

I envy those who took the risk a few years after Bitcoin was created, they overcame the two qualities I mentioned earlier, they had the nerves to take the risk and they did not procrastinate. This is a lesson for potential Bitcoin investors, if you have the money, don't wait longer, otherwise, you will regret it.

we can't continue talking about the past when we have the present and future to deal with, to the best of reality, bitcoin is not going down and buying bitcoin at the present will position us in a good place in the future when bitcoin must have gone past this phase and range of prices.

even if we are not sure if bitcoin will in the future get to the kind of height it has gotten to at the present with respect to it time of little beginning, wailing about the past and refusing to buy while anticipsting the future will only lesd us to future regrets again.

You are correct.  Fantasizing about the past seems a bit meaningless, as compared to guys figuring out their today strategies and then working on applying their strategies to their own real world circumstances and/or limitations.

One thing about worrying about the past is that we also miss the present and put the future in a big mess. Bitcoin is a mask-coin, in the sense that it can rise to ATH in a space of time. Knowing that you are accumulating for the future changes our approach to bitcoin investment and makes you feel you are not doing enough and will serve as puss to the investor.

Bitcoin going from 68k to over 100k in a space of less than 4 months is   already a big source of hope to every investor both newbies and legendaries.